1 million dollars in Rupees: Everyone in the financial world uses the short scale number system. Every investor, professional, teacher, and even the average person will use thousands, millions, billions, and other numbers. It gets even more complicated when you consider that the US dollar, Euro, or British pound are the most widely accepted global currencies.
1,000,000 is the same as 1000 thousand. The Indian equivalent of a million dollars is ten lakh rupees. This is not a common quantity because it is not used in everyday life. Different words are used all over the world to express the same amount.
‘How much does a million mean?’ or ‘How many rupees does a million mean?’ is a common question among Indians who encounter global numerical terminology for the first time.
In the age of social media and YouTube, 1 million followers means that someone or something has at least 10,000 followers. Continue reading to learn more about a million, how to convert a million to rupees, and the value of a million.
If you live in India and even interact with a foreigner, you will be stumped when using Indian terminology such as lakhs/Crore.
How much is 1 billion and 1 million Dollar in Rupees?
If you want a straightforward answer, simply multiply the exchange rate by Million or Billion:
- US$ 1 Million = US$ to Rupee Exchange rate X 1 million = 70 X 1 Million = Rs 70 Million
- US$ 1 Billion = US$ to Rupee Exchange rate X 1 Billion = 70 X 1 Billion = Rs 70 Billion
However, it becomes more difficult when we want to convert Indian Rupees in lakhs or crores.
- US$ 1 Million = US$ to Rupee Exchange rate X 1 Million = 70 X 1 Million = 70 X 10 Lakhs = Rs 700 Lakhs = Rs 7 Crore
- US$ 1 Billion = US$ to Rupee Exchange rate X 1 Billion = 70 X 1 Billion = Rs 70 X 10000 lakhs = Rs 700000 Lakhs = Rs 7000 Crore
1 million Means: 1 million in Lakhs
1 million dollars in Rupees: One million equals ten lakhs. There are six zeros in a million. It’s a natural number that starts with 1,000,001 and ends with 999,999. In numbers, a million is written as 1,000,000.
Let’s look at how we label the value of numbers according to the Indian number system:
- 1 – One
- 10 – Ten
- 100 – One Hundred
- 1,000 – One Thousand
- 10,000 – Ten Thousand
- 1,00,000 – One Lakh
- 10,00,000 – Ten Lakhs
- 1,00,00,000 – One Crore
- 10,00,00,000 – Ten Crores
What is the value of 1 million?
1 Million is equal to 10 Lakhs.
How is 1 Million written?
1 Million in numbers is written as 10,00,000.
How many crores is 1 billion dollars?
Therefore, 1 Billion Dollars = 75 × 100 = Rs. 7500 Crores